In its effort to curb foreign exchange infractions the Central Bank of Nigeria CBN is set to freeze an additional 193 bank accounts, 24 hours after freezing 11 acounts on Wednesday.
This is sequel to 3 court orders it obtained on Thursday from the Federal High Court, Abuja which enables the CBN to freeze the affected accounts for 45 days to enable it to carry out investigations on them for suspected fraudulent activities.
The listed bank accounts are those of Albert Austin Ugochukwu with 2 bank accounts, Belfour Energy & Allied Services, Belfour Oil and Gas Limited with 3 bank accounts, Circle Flow Integrated Services, Kacynaus Reality Nigeria Limited with 3 bank accounts and Tasmara Integrated Services.
“An interim Order is made empowering the applicant to direct the Head Office of First City Monument Bank Ltd to freeze forthwith all transactions on the bank accounts listed on the motion paper for a period of 45 days only pending the outcome of investigation currently being conducted by the Central Bank of Nigeria.’’
The order according to Justice A. R. Mohammed order was renewable upon expiration if the CBN could give reasonable causes for its renewal and is in the interim and shall last for only 45 days pending the conclusion of an investigation by CBN.
The suit was adjourned till May 17, 2021 for mention